According to the Census Bureau, by definition, the middle class consists of those earning between $25,000 to $75,000 per year with the median household income of $51,914. This is an odd revelation as I have heard it said many a time that the middle class goes up to $250,000 per year. Maybe this is just another propaganda precipitated shift in the perception of reality. It is an absolute fact that since the beginning of the so called mortgage derivative crisis, net, we have lost millions of jobs and continue to lose more steadily.
Now, Mitt Romney would say that yes, his Bain Capital did shut down factories in the United States and moved them to other countries resulting in of course thousands and thousands of American jobs being lost. (Under NAFTA, CAFTA, and GATT Bain Capital was given tax payer dollars to move the companies.) However, says Romney, he and Bain Capital are also responsible for creating new businesses in the United States and providing thousands and thousands of jobs.
Continue reading “The Wanton Destruction of the Middle Class and Justice”